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Aeroports de Paris (ARRPY)
OTHER OTC:ARRPY
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a solid operational and financial year: revenue and EBITDA grew strongly, net income improved, deleveraging progressed, key infrastructure and international projects were delivered, and employee alignment measures were successfully implemented. However, material near-term headwinds remain — notably regulatory friction (rejected tariff proposals and cost allocation disputes), FX and exceptional tax impacts, retail slowdown vs 2024, and a one-off wage step-up that increases 2026 OpEx. Management highlights support from airlines and the State and positions the multiyear Economic Regulation Agreement process as the appropriate path to resolve structural issues.Company Guidance
Revenue Growth
Group revenue reached EUR 6.7 billion in 2025, up nearly 9% year-over-year, driven by strong traffic and development of service businesses including scope effects from P/S and Paris Experience Group acquisitions.
EBITDA Expansion
EBITDA grew by more than 12% in 2025 (11.3% excluding the integration of P/S and PEG), outperforming the guidance of at least 7%, supported by revenue growth and disciplined cost control.
Net Income Improvement
Net income attributable to the group was EUR 382 million in 2025, up approximately EUR 40 million (roughly +12% year-over-year), despite noncash FX and exceptional tax impacts.
Traffic Recovery and Geographic Resilience
Paris traffic rose 3.4% in 2025 (driven by international passengers). TAV Airports traffic increased ~6%, GMR +3%, and Amman (AIG) delivered strong resilience with +11% traffic.
Deleveraging and Balance Sheet
Net debt stood at EUR 8.6 billion with a net debt-to-EBITDA ratio improving to 3.7x, within the 2025 target range of 3.5x–4x, reflecting strong EBITDA growth and disciplined CapEx execution.
Employee Alignment and Compensation Reform
Employee shareholding plan was highly successful (3 out of 4 employees subscribed), employee ownership now represents ~2% of capital; a negotiated compensation framework modernisation was reached with unions to improve long-term cost sustainability.
Major Infrastructure and Sustainability Deliverables
Delivered key Paris projects in 2025 including Runway 1 refurbishment, commissioning of a geothermal plant at CDG (decarbonisation milestone), Orly airside restructuring and baggage system upgrades at Terminals 2E/2C.
International Project Execution and Cash Returns
Completed major international expansions (Antalya and Delhi), secured refinancing at Antalya and GMR, obtained 5-year concession extension at Tbilisi; TAV to resume dividends (TRY 3.61 per share, ~EUR 10m to ADP in 2026).
Dividend Policy and 2026 Guidance
Board proposed a dividend of EUR 3.00 per share and affirmed a 60% payout policy with EUR 3 floor; 2026 EBITDA guidance set above EUR 2.35 billion with group CapEx guidance ~EUR 1.45 billion (c. EUR 1 billion at ADP SA).
Retail Model Strength (Extime / Beauty)
Extime standard pack at EUR 31.7 in 2025; despite mid-year headwinds, beauty category outperformed national market with +6% vs national -2.6%, supporting higher-margin retail performance.
ARRPY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARRPY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $14.52 | $14.07 | -3.09% |
Jul 30, 2025 | $12.71 | $12.75 | +0.35% |
Feb 19, 2025 | $12.04 | $11.79 | -2.04% |
Jul 23, 2024 | $12.86 | $12.83 | -0.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aeroports de Paris (ARRPY) report earnings?
Aeroports de Paris (ARRPY) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Aeroports de Paris (ARRPY) earnings time?
Aeroports de Paris (ARRPY) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARRPY EPS forecast?
Currently, no data Available